Figure 4-26
-Refer to Figure 4-26.Which of the following movements would illustrate the effect in the market for golf balls of an increase in green fees?

Question

Figure 4-26 
-Refer to Figure 4-26.Which of the following movements would illustrate the effect in the market for golf balls of an increase in green fees?

Quizplus · Accepted Answer

The movement from Point C to Point B illustrates the effect of an increase in green fees in the market for golf balls. This is because an increase in green fees reduces the quantity of golfers playing, which decreases the demand for golf balls, causing a movement along the demand curve from Point C to Point B.

Figure 4-26 -Refer to Figure 4-26.Which of the Following Movements Would Illustrate